Equity
-€50,406
Debts exceed assets in financial year 2025.
GLOW
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €94,580 (2017)
€24,734▼ 49.4%
lowest -€26,398 (2013)
-€24,932▼ €18,899
peak -€6,518 (2010)
-€50,406▼ €24,932
€128,959▼ 15.4%
Board1 name since 2006
1 director
Documentsfilings and deeds
16-04-202614 days before the deadline
2025micro format
Gross margin from €48,873 to €24,734Loss of €24,932Equity from -€25,474 to -€50,406Debts from €152,446 to €128,959Cash from €3,593 to €39,316
Key points
from the 2025 annual accountsLosses
-€30,965 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€128,959 112% of the balance sheet
Financial debts 11%Suppliers 52%Taxes and wages 11%Other 27%
Of this, €109,452 falls due within a year.
Filings
20 annual accounts since 2006
Four of the last ten came late. The 2016 accounts came latest: 127 days after the end of the period.
Position in the sector
-€50,406
Less equity than 92% of companies in publishing. Sector median €41,101 · 905 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,618 companies had the same profile as GLOW has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,618 companies, not a prediction for GLOW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880738917
Change of role: , from manager to director
“Het aanbieden van internetdiensten, waaronder in het bijzonder het ontwerpen, creëren en uitbaten van websites…” (deed in Dutch) · Gazette deed
Registered office moved within Antwerp
New registered office: Schillerstraat 20, 2050 Antwerpen · Previous registered office: Keizerstraat 73, 2000 Antwerpen, België · General meeting of 12-03-2018 · Gazette deed
Registered office moved within Antwerp
New registered office: Keizerstraat 73 te 2000 Antwerpen · Previous registered office: Museumstraat 11, 2000 Antwerpen · General meeting of 02-06-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GLOW Antwerp | €114,896 | €24,734 | -43.9% | - |
| CATHEDRAL DESIGN Wommelgem | €91,210 | €28,070 | 62.5% | - |
| SYSOUT Saint-Josse-ten-Noode | €124,992 | €30,303 | 88.0% | - |
| ESEOS Jemeppe-sur-Sambre | €116,254 | €33,915 | 92.9% | - |
| JustCob Ghent | €116,793 | €37,049 | -330.6% | - |
| AFTERHOURS Rixensart | €113,255 | €42,664 | 85.3% | - |
| UPSYS La Bruyère | €121,598 | €43,365 | 70.0% | - |
These companies have the same main activity as GLOW: other software publishing (NACE 58290). They are comparable in size and age: total assets between €91,200 and €125,000, founded between 2004 and 2010.
Official details
Source: KBO- Status
- Active since 14-04-2006Normal situation
- Activity
- Other software publishingNACE 58290and 2 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2025
- Establishment unit
- 2.155.229.2412050 Antwerp, since 24-07-2006
- Financial year end
- 30 September
- Peppol
- Reachable since 02-07-2026
Annual accounts to 30-09-2025
- €114,896▼ 29.6%
- Employeeson 30-09-2025
- 1=
- Filing
- Filed on 16-04-2026, 14 days before the end of the filing period
Insights on GLOW
GLOW files the micro format. That format states no turnover. The gross margin rose from €8,213 in 2007 to €24,734 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GLOW
- What is the company number of GLOW?
- The company number of GLOW is 0880.738.917. The VAT number is the same number with BE in front: BE 0880.738.917.
- Where is GLOW based?
- The registered office is at Schillerstraat 20, 2050 Antwerp.Company details
- What does GLOW do?
- According to the KBO register, the main activity is other software publishing (NACE 58290).
- What is the legal form of GLOW?
- GLOW is a private limited company (BV).
- When was GLOW founded?
- GLOW was founded on 14-04-2006.
- Is GLOW still active?
- Yes, GLOW is an active enterprise in the KBO register.
- How many employees does GLOW have?
- GLOW had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GLOW fall under?
- In its 30-09-2025 annual accounts, GLOW states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GLOW?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €24,734 and 6,298 comparable companies of the same size. It probably lies between €86,000 and €450,000. It is a rough estimate.
- Is GLOW profitable?
- In financial year 2025, GLOW made a loss of €24,932.
- Where can I find the annual accounts of GLOW?
- GLOW filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GLOW due?
- GLOW must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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